Property investors shun first-time funds: report

Real estate investors are likely to stick with private equity managers with proven track records, leaving first-time funds in an uphill battle to raise funds, according to alternative asset research firm Preqin.
About 48 percent of investors worldwide said they would not invest with first-time managers, up from just over a third 12 months ago, reflecting growing caution among investors, according to the report released on Wednesday……………………………………….Full Article: Source